subject: Dazhong Paradise Merger During The Year: The Merger Means For The Stock Exchange - Yongle, Dazhong, [print this page] Yongle years combined medium and large Yongle years combined medium and large
Way merger share exchange, the new size of the company listed appliances
Sell The third business Domestic Home appliance chain Pattern will re-shuffle?? States United States , Suning Pattern is expected to be a two Gome, Suning, Yongle replaced by the pattern of large and medium sized tripod.
Yongle (China) Sales Co., Ltd. and Beijing Dazhong Electrical Appliance Co., Ltd. last Friday evening in Hong Kong, announced on April 19 the two sides signed the agreement, the two sides start joint procurement, logistics and delivery, product display, warehousing development, storage management,
Finance Management, information systems and personnel exchange, and other fields of strategic partnership, and in the years to achieve by way of equity swap equity merger of Yongle and Dazhong. It is reported that combined new company will be called Yongle (China) Electronics Retail Ltd., in
Brand Operating on the tentative two-brand operation. Industry believes that, medium and large curve can be listed by Wing-lok, and Paradise can be to win big mo "on gambling agreement."
Combined company name "Paradise"
Yongle and Dazhong common disclose information that they have launched a joint procurement, logistics and delivery, product display, storage, development, warehouse management, financial management, information systems and personnel exchange, and other fields of strategic cooperation partnerships, and through the stock exchange during the year the way to achieve equity merger of Yongle and Dazhong.
The combined company's name and brand ownership, Paradise Electronics spokesman Huang Jianping, said: "The combined company will certainly called Yongle (China), because Paradise is a listed company." True in the company after the merger, the company name as Yongle (China) Electronics Retail Limited. Prior to the merger, medium and large electrical appliances will continue to maintain its own brand. Song Hong, general manager of Dazhong Electronics, said, after the merger, the two sides will be based on future business situation, decided to double the brand operation or the operation of a single brand, the two sides tentatively "large and medium" and "Paradise" double-brand operation.
According to convention, in Beijing and Tianjin, China Paradise 11 store (7 Beijing, Tianjin and 4) now been incorporated into the management system of large and medium, after Paradise in North China will soon open a few stores classified as Beijing Dazhong management. But now in Shanghai and surrounding areas large and medium stores yet, so there is no over sized Yongle any store. It is understood that the date from the 19th of this month, Yongle has been the Beijing-Tianjin area managers conduct business in Beijing and the handover of medium and large. The medium and large stores to take full control after the Paradise will be
Logistics , Personnel, procurement, distribution, and many other aspects of unified management. Wing-lok, some management staff in Beijing have also begun to enter the large and medium management system.
It is reported that the most difficult to determine the percentage of equity after the merger the two sides, depending on the pre-merger assets of both the quality and operating conditions. The new shareholding structure in both medium and large and Wing-lok, Chairman of Da chairman Chen Xiao, including
Investment People. As the share of each side, will the two companies sales and profitability, through the internationally recognized
Accountant Management calculations. Mind both serious matters?
Behind bilateral cooperation is the deeper reason?
According to informed sources, medium and large has always hoped to market, but because of financial, market awareness and other factors, large and medium market process has been not ring true. In the Gome and Suning, Yongle has achieved
Public financing , The fourth largest home appliance chain in Jiangsu
Five Star
Earlier this year, also submitted to the Hong Kong Stock Exchange listing application. The company's merger with Yongle, Dazhong could use its "channel" fast market. SONG told reporters, stock exchange is a common international cooperation through the company rapidly expand the enterprise, and stronger methods. For large and medium-term, the Yongle (China) merger, it can be fast, efficient, quality market, by a limited liability company among the listed companies for the large part, and then standards for listed companies, management services, promote large and medium Further benign operation.
